According to Reuters, steel workers struck a new contract with U.S. Steel Corp.<br />The Pittsburgh-based steelmaker is in contract negotiations with the United Steelworkers union, which represents 16,000 workers in the US.<br />If both sides agree to the new contract, it will mark the biggest pay increase for steel workers in six years.<br />The terms of the new contract will increase wages by 14-percent over four years.<br />The previous contract, which expired on Sept. <br />